Tech Stocks Under Review -- Xerox, International Business Machines, Fidelity National Information Services, and Accenture

Jul 29, 2016, 07:30 ET from Chelmsford Park SA

NEW YORK, July 29, 2016 /PRNewswire/ --

In order to keep pace with the rapid advancements of technology and rising demands, firms in the Information Technology Services space are constantly working to enhance efficiencies, reduce spending levels, and expand their offerings. Today, looks at four big companies and how they have fared over the previous weeks: Xerox Corp. (NYSE: XRX), International Business Machines Corp. (NYSE: IBM), Fidelity National Information Services Inc. (NYSE: FIS), and Accenture PLC (NYSE: ACN). Learn more about these stocks by accessing their free notes at:


At the close on Thursday, shares in Norwalk, Connecticut headquartered Xerox Corp. saw a slight decline of 0.90%, ending the day at $9.91. The stock recorded a trading volume of 5.65 million shares. The Company's shares have advanced 9.26% in the last one month and 1.70% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 3.16% and 0.95%, respectively. Moreover, shares of Xerox, which provides business process and document management solutions worldwide, have a Relative Strength Index (RSI) of 57.21.

On July 27th, 2016, Industry research firm Everest Group has ranked Xerox as the top Business Process Services (BPS) provider in its "BPS Top 50™" report; the second time in a row the company has placed first. Sign up and read the free notes on XRX at:

International Business Machines  

Shares in Armonk, New York headquartered International Business Machines Corp. ended the day 0.28% lower at $161.37 and with a total volume of 2.34 million shares traded. In the last month and the previous three months, the stock has gained 10.75% and 10.78%, respectively. Additionally, the Company's shares have advanced 19.60% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.20% and 14.43%, respectively. Furthermore, shares of International Business Machines, which provides information technology products and services worldwide, have an RSI of 63.42.

On July 25th, 2016, research firm Standpoint Research downgraded the Company's stock rating from 'Buy' to 'Hold'.

On July 26th, 2016, IBM board of directors declared a regular quarterly cash dividend of $1.40 per common share, payable September 10th, 2016 to stockholders of record on August 10th, 2016. With the payment of the September 10th, 2016 dividend, IBM will have paid consecutive quarterly dividends every year since 1916. The complimentary notes on IBM can be accessed at:

Fidelity National Information Services  

On Thursday, shares in Jacksonville, Florida headquartered Fidelity National Information Services Inc. finished 0.53% lower at $80.36 with a total volume of 1.42 million shares traded. The stock has advanced 13.12% in the last one month, 22.80% over the previous three months, and 33.63% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 7.71% and 21.63%, respectively. Additionally, shares of Fidelity National Information Services, which offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury, and insurance, have an RSI of 71.55.

On July 26th, 2016, FIS reported that its Q2 revenue increased 45.3% to $2.3 billion from $1.6 billion in the prior year quarter. Net earnings from continuing operations attributable to common stockholders were $120 million, or $0.36 per diluted share, compared to $242 million, or $0.85 per diluted share, in the prior year's quarter. Declines in operating income and net earnings were driven by M&A-related items.

On July 27th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating with an increase of the target price to $89 a share from $80 a share for the Company's stock. Register for free on and access the latest notes on FIS at:


Dublin, Ireland-based Accenture PLC's shares recorded a trading volume of 2.22 million shares at the end of yesterday's session, which was above their three months average volume of 2.09 million shares. The stock closed the day at $112.08, dropping 1.43%. The Company's shares have advanced 1.37% in the last one month and 8.29% on an YTD basis. The stock is trading above its 200-day moving average by 3.51%. Additionally, shares of Accenture, which provides management consulting, technology, and outsourcing services worldwide, have an RSI at 40.90.

On July 12th, 2016, research firm Pacific Crest initiated an 'Overweight' rating, issuing a target price of $129 on the Company's stock.

On July 21st, 2016, Accenture announced that it has formed a new client informational board that will allow insurers using the Accenture Life Insurance & Annuity Platform to keep up-to-date and engage in informal discussion of new industry compliance requirements. The board will focus on the impacts of the latest releases from the United States Treasury Department and other regulatory bodies on life and annuity contract administration and detection of design trends. Get free access to your notes on ACN at:


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